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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Snap Lets Go 10% Of Staff

SNAP Snapchat
Snapchat's parent company is shutting down its ARES business just around six months after its launch. (Credit: GETTY IMAGES NORTH AMERICA VIA AFP / JUSTIN SULLIVAN)

Social media company Snap, which runs the youth-focused Snapchat platform, on Monday said it was laying off about ten percent of its staff, joining a wave of job cuts in the tech sector.

One day before it was due to announce its latest quarterly earnings, the company said that "approximately" ten percent of its global staff would be let go.

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